Trump tax bill

TAX BILL SIGNED INTO LAW BY TRUMP

 

 

By Miriam Raftery

December 22, 2017 (Washington D.C.) – President Donald Trump has signed into law a final version of a sweeping ta reform bill.   The measure provides huge, permanent tax cuts for corporations and wealthy individuals, also providing temporary tax relief for many other individuals that will take effect in 2019 and expire eight years later.  Many of those cuts will be offset, however, by loss of popular tax deductions and a provision that is expected to raise rates for Affordable Care Act healthcare policies.

Among San Diego’s representatives, only Republican Duncan Hunter voted in favor.  Republican Darrell Issa joined with Democrats Susan Davis, Scott Peters, and Juan Vargas to vote against, as did California’s two Senators, Kamala Harris and Dianne Feinstein.

Here's a summary of what’s in the final bill, including key last-minute changes: